Why use it?

How confident are you that all your cash movements are secure, and would stand up to an audit?

Would you like to cut costs and improve efficiency through increased automation, enhance auditability, and reduce exposure to fraud by moving away from paper cheques or streamlining positive pay file processing?

What is it?

EFT Processing streamlines payment and collection processes by transferring Sage 300 (Accpac) receipts and payments, including those from US and Canadian Payroll, through to the electronic funds transfer (EFT) functionality of your banking software.

Instead of spending hours printing, folding and posting cheques and remittance advices, an EFT batch can be created and imported, and remittance advices emailed, in a matter of minutes.

EFT Processing supports formats for hundreds of banks around the world, and additional formats can be created by Orchid Systems upon request.

Benefits

A quick return on investment from substantial savings, including:

Lower bank transaction fees and reduced postage costs

No more expensive cheque stationery

No more manual printing, folding and mailing of cheques or remittance advices

Watch Robert Lavery show how Orchid EFT Processing can help you streamline the processing of electronic payments, receipts and refunds in this introductory video.
(Jul-2017)

Screenshots

Click any image below for a larger view.

What do our clients think?

"Orchid EFT Processing is much better than what we had in the past with more flexibility, a better user experience, and integration is a bonus..."

ALEX ANGUS, SYSTEMLINK AFRICA (PTY) LTD, EDENVALE, SOUTH AFRICA

"I would feel very comfortable supporting and promoting Orchid's EFT Processing. We have found the product fulfilled the requirements, and was easy to implement and use."

KIMBERLY KYLE, TRAFFIC TECH, MONTREAL, CANADA

"Orchid's EFT is a great product. It reduces costs, while also removing the risk of check/cheque fraud."

PAUL FIELD, NET@WORK, WINDSOR, ONTARIO, CANADA

"We are very happy with Orchid EFT Processing...it is so simple to automate auto-receipt of large volumes of AR invoices. The ability to amend AR invoice Due Dates and maintain exclusion lists makes it good to use.”

KERRY JONES, RURAL FUEL LIMITED, PALMERSTON NORTH, NEW ZEALAND

“We LOVE your EFT Processing product. The reduction in checks has made our lives so much easier. I am so grateful!”

KAREN ROBERTS (CPA), CONTROLLER, 14 WEST, USA

"Integration with the banks is one of Orchid's main strengths. They do an excellent job of customizing."

JIM BROMILOW, CORPORATE CONTROLLER, GRANT THORNTON LLP, CANADA

"The support we receive from Orchid is top notch, and the Return on Investment was pretty much immediate."